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What is a power of attorney? |
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A "Power of Attorney" is the authority given by a formal document through which one or more persons authorize another /others to act on their behalf. The underlying logic of a POA can best be explained through an illustration. X lives in Bangalore, and he has some property which he wants to sell in Calcutta. Since X cannot travel to Calcutta all the time, he appoints Y as his agent to act on his behalf. It has been defined under law as any legal document that empowers a specified person to represent the person executing the POA. More on Power of Attorney |
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